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  • We are in an extreme out of balance state.

    All though all the blame can't be placed on Obama, he certainly didn't help matters. An unfortunately because of trade, this will be a world depression with no one to bail anyone out. The world on a whole has become more greedy and 90% of the countries are broke. All major economies have been shrinking, US is piling up goods that can't be sold, goods transportation has slowed way down. The world has heavily relied on credit and that bubble will burst.

  • A crash is inevitable.

    In 2008, we gave over $10 Trillion dollars to bailout the banks. Of course we know why that happened now. It was due to the fact we gave subprime mortgage loans to the poorest people among us and then rated those D loans as B, A, AA, and AAA. Then we bundled these loans together and bet that they were not fail. Instead of fixing this problem after the crash we went back to business as usual. A good indication that things are the if not worse than before is the Dow jones is over 17,000 and only seems to keep going up. Many would look at the DOW and say that it looks healthy and it's good. However it is my opinion that it's another housing bubble.

  • Negative interest rates

    Everything is out of balance and we are starting to see the effects. Banks in Japan and some European countries have started using negative interest rates to hold money. The rationale of charging 0.3% a year to hold savings is to combat deflation by getting people to invest or spend their money so they will stimulate the economy. It's also supposed to get the banks to lend money to borrowers. So obviously, policymakers have the sense that things are headed towards a downward spiral, the fact that we may be paying .3% for savings accounts rather than earning .3% is a big sign.

  • Yes, negative interest rates

    Everything is out of balance and we are starting to see the effects. Banks in Japan and some European countries have started using negative interest rates to hold money. The rationale of charging 0.3% a year to hold savings is to combat deflation by getting people to invest or spend their money so they will stimulate the economy. It's also supposed to get the banks to lend money to borrowers. So obviously, policymakers have the sense that things are headed towards a downward spiral, the fact that we may be paying .3% for savings accounts rather than earning .3% is a big sign.

  • Yes, negative interest rates

    Everything is out of balance and we are starting to see the effects. Banks in Japan and some European countries have started using negative interest rates to hold money. The rationale of charging 0.3% a year to hold savings is to combat deflation by getting people to invest or spend their money so they will stimulate the economy. It's also supposed to get the banks to lend money to borrowers. So obviously, policymakers have the sense that things are headed towards a downward spiral, the fact that we may be paying .3% for savings accounts rather than earning .3% is a big sign.

  • The last two presidents have doomed us

    You cannot fund a nation or a war on debt. George W. Bush started this trend. As a conservative, he should have realized that a tight balanced budget is good for the economy. Instead, he made sure to grow our debt more than any president before him. Then when everyone wants a change and is looking forward to a brighter future, a man comes with a promise. Obama has literally done everything he said he WOULDN'T do. He has continued to grow our debt without increasing federal revenue. He has injected more false money into our economy to make it seem like things are getting better, but that's like taking a painkiller for a mortal wound. He failed to address the problem, he merely addressed the symptoms. Now, commodities are falling, the dollar is deflating and the stock market is crashing. Americans have nowhere left to invest and we are about to see the greatest collapse since the great depression.

  • Yes, it's coming.

    The U.S. Is spending more than it takes in. The jobs People have are significantly being eliminated, and the new jobs they get are fewer hours with less pay. Food continually costs more, many times the container it comes in is smaller. California, our bread basket., where we have gotten most of our fruits and vegetables has been in record breaking drought for several years. Most of the jobs we have our service jobs, not manufacturing, which means we cannot make money by trading. I don't see a lot of positives to back up the negatives.

  • I believe the money has no value now and by the time retirement comes 401k wont even be there

    401k cannot longer provide, you be better off saving money under your mattress banks cant guarantee that you will get your money if a depression happens.. I believe it will be hard for a lot of people specially those who cant farm or do anything by hand but hoping it doesn't.

  • Obama is the problem

    The man is incompetent. He has no leadership abilities. There is not a single accomplishment he has done without causing chaos throughout
    the entire world. He has destroyed senior citizens ability to have quality of life by destroying their savings and interest bearing accounts all for the blind sided view of income equality. The man is a complete menace to society and the free world.

  • Liberal Socialism OBAMA

    The public in general is not even aware of what is going on or what is about to happen! To them. We have had it so damn easy for so many years we are spoiled! Therefore to wake us/them up something very drastically and surprising must or will happen which will be a major disaster!

  • We Are Not Headed For Another Great Depression

    The Great Depression was a time that the stock market crashed, which affected everyone in America. The Great Recession is something less people are affected by than The Great Depression. Though The Great Recession is something that has been going on for many years and has affected many, it does not affect everyone. Obama's statements on this debate, and how he is treating these people who are working in a lower class place, are wrong. He is giving higher wages to these people and causing laziness. Giving higher wages to minimum wage workers is showing that working hard is not affecting anything. Why should someone try harder if you will be giving them the amount of money that people working in better jobs are getting. No one will try to get a better life. So yes, there are poor people and people living in the streets, but they should do something to help themselves rather than just wait for Obama to give them free living and $15 an hour for working at a place like McDonalds.

  • We Are Not Headed For Another Great Depression

    The Great Depression was a time that the stock market crashed, which affected everyone in America. The Great Recession is something less people are affected by than The Great Depression. Though The Great Recession is something that has been going on for many years and has affected many, it does not affect everyone. Obama's statements on this debate, and how he is treating these people who are working in a lower class place, are wrong. He is giving higher wages to these people and causing laziness. Giving higher wages to minimum wage workers is showing that working hard is not affecting anything. Why should someone try harder if you will be giving them the amount of money that people working in better jobs are getting. No one will try to get a better life. So yes, there are poor people and people living in the streets, but they should do something to help themselves rather than just wait for Obama to give them free living and $15 an hour for working at a place like McDonalds.

  • No way this will happen.

    The economy is going up and everything is so connected now, that if we noticed that it was getting to that point, we would do something before it would get too bad. We will not have another Great Depression I swear on my computer that I am typing this with.

  • Jobs on the rise

    No, the US is not headed for another great depression. For the last few months the unemployment rate has steadily been decreasing, in fact it is now under 8% for the first time in 44 months. So it seems like the economy is recovering. Although economics is very complicated, the economy does follow a cyclical pattern so I would not have any reason to expect that another great depression would happen in the immediate future unless there was some unpredictable change.

  • No we are not

    We are not leading to the Great Depression. America is recovering. Everywhere you look, you'll see jobs being built and built. So people will be able to work. And of course crime has went down. Obama has done nothing wrong. If you stop looking at skin color for once, maybe you'll understand what he's doing. But I forgot, he's black so he's horrible. I know how it goes.

  • No, the US is not headed for another Great Depression.

    We have seen the United States start to recover from the recent economic problems in recent years. People are starting to go back to work, and we also see the stock market recovering too. This is why I do not believe that we are heading for another Great Depression at all.

  • Lesson Learned

    The Bush Jr era ended with the Great Recession. Democrats, and Americans, learned their lessons the hard way and gave Obama eight years to correct the GOP's problem. The bailouts were unpopular, but they probably saved the global economy from an even worse calamity that would have taken decades to recover from, not just a few years.

  • No. The economy is growing, just slowly.

    A depression occurs when the economy fails to grow at all over a period of time. In reality, our economy has grown since the recession in 2008. The rate of growth is simply slower than many people would like, but the reality is that the unemployment rate has gone down and more jobs are being created than there were. Part of the reason that we avoided a depression is that the government took some decisive action to stimulate the economy and intervene before it got too bad.

  • No, the US is not headed for another great depression.

    For the last few months the unemployment rate has steadily been decreasing, in fact it is now under 8% for the first time in 44 months. So it seems like the economy is recovering. Although economics is very complicated, the economy does follow a cyclical pattern so I would not have any reason to expect that another great depression would happen in the immediate future unless there was some unpredictable change.


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